Which sectors in the GCC present the most favourable opportunities for further expansion by South Korean companies in the coming years?
Saudi Arabia Economy
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Interviews & Viewpoints | Yoon Sang-Jick, Minister of Trade, Industry and Energy, Republic of Korea: Interview from The Report: Saudi Arabia 2015
Articles & Analysis | Saudi Arabia's trade with Asia is diversifying from The Report: Saudi Arabia 2015
Following a difficult period for the international shipping market, in 2012 the container route from Shanghai to the Gulf through Dubai saw the second-highest rate of freight growth in the entire Asian region. This was part of an emerging trend of the maturation of GCC-Asia trade. A relationship that was once just based on meeting demand for...
Articles & Analysis | Saudi Arabia pursues the twin goals of diversification and a knowledge economy from The Report: Saudi Arabia 2015
The Saudi economy has been on an upward growth trajectory in recent years, expanding by 2.7% in 2013 and 3.6% in 2014. This has been primarily driven by the non-oil sector, which has grown at a rate of at least 5% per year in the decade to 2014. For its part, the oil and gas sector also saw modest improvement in 2014, expanding by 0.8% year-on...
Interviews & Viewpoints | Mofarrej Al Haqbani, Minister of Labour: Interview from The Report: Saudi Arabia 2015
To what extent have the measures put in place by the ministry alongside the private sector to encourage sustainable job growth been successful?
Articles & Analysis | Drivers and change in GCC-Africa investment from The Report: Saudi Arabia 2015
The push amongst GCC states to invest in Africa came about in earnest following the 2007-08 global food price crisis, and in those days targeted agricultural land and strategic commodity production. Agribusiness, sovereign wealth funds and other agri-investment vehicles were the main players at the time. Primarily state-led, the investments at...
Articles & Analysis | Saudi Arabia's low debt and ample fiscal reserves provide insulation from market forces from The Report: Saudi Arabia 2015
The drop in oil prices that began in the second half of 2014 has raised questions about how oil-dependent economies like Russia, Nigeria and Venezuela would cope. However, in the case of Saudi Arabia, large fiscal reserves and low levels of debt have enabled the Kingdom to avert the sort of crisis triggered by oil shocks in the past. The Saudi...